$6,294 Closing Credit*
$530,000
1,586 SqFt
3 Beds
•2 Full Baths, 1 Partial
Alexa Paige Murphy, Listing Office: Pearson Smith Realty LLC
Is 20187, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 20187 has remained a Seller's Market.
Key Takeaway
20187 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20187, VA
How much do homes in 20187, VA cost?
Median Sold Price
$700,666
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$49,000(+7.5%)
Key Takeaway
Homes in 20187 have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in 20187 was $700,666 in November 2024, up 7.5% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $390K | N/A |
| 2 Bedrooms | $547.5K | $412.5K | -24.7% |
| 3 Bedrooms | $510K | $570K | +11.8% |
| 4 Bedrooms | $655K | $750K | +14.5% |
| 5+ Bedrooms | $815K | $832K | +2.1% |
Summary: 20187 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 24.7%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 2.1%.
Housing Supply in 20187, VA
How many homes are available in 20187, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 91 | 78 | -14.3% |
Summary: The 20187 real estate market had 78 homes for sale in November 2024, a 14.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 0 | -100.0% |
| 3 Bedrooms | 30 | 29 | -3.3% |
| 4 Bedrooms | 39 | 30 | -23.1% |
| 5+ Bedrooms | 20 | 19 | -5.0% |
Summary: The 20187 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes decreased by 5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 28 | -12.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20187, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in 20187 in November 2024, down by 12.5% month-over-month. Of the 28 sold homes, 32% were sold under asking, 18% were sold at asking, and 50% were sold over asking.
Days on Market for 20187, VA
How long does it take to sell a home in 20187, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 21 Days | -24.6% |
Summary: Homes in 20187 had an average of 21 days on market in Nov 2024, down by 24.6% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 20187 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 28 homes were sold in 20187; 75% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.